Namib Minerals · NASDAQ:NAMM
Namib Minerals — SPAC Merger (June 2025)
26 slides from Namib Minerals's SPAC merger presentation, Jun 2, 2025
Slide 1: Unlocking Africa’s Gold Future: A New Era of Resource Discovery
Unlocking Africa’s Gold Future A New Era of Resource Discovery Investor Presentation | June 2025
Slide 2: Forward-Looking Statements
Investor Presentation | 2 Forward - Looking Statements Introductory Note This presentation (this “Presentation”) is provided for informational purposes only and has been prepared to provide interested parties with certain information about Namib Minerals and its subsidiaries (collectively, “Namib Mi
Slide 3: Gold Producer with Significant Reserves and Growth Potential
Investor Presentation | 3 1 producing mine 2 restart projects Gold Producer 3 gold assets in Zimbabwe with the potential to ramp up annual production from 36,743 oz (5) produced in 2024 from restart projects Significant Reserves 1.6M oz Au @ 3.92 g/t Au (M&I) (1)(3)(4) 2.4Moz Au @ 3.57 g/5 Au (Infer
Slide 4: Footnotes and Sources
(1) Source: How Mine S - K 1300 Technical Report Summary, effective December 2023, exclusive of all Reserves (Underground Reserves of 64koz @ 2.39 g/t and Surface Reserves of 23koz @ 0.88 g/t) and Inferred Sands (Resource of 213koz @ 0.60 g/t Au). (2) Source: How Mine S - K 1300 Technical Report Sum
Slide 5: Rooted in Africa: A Leadership Team with Global Vision and Local Expertise
Rooted in Africa A Leadership Team with Global Vision and Local Expertise Deep Local Roots Executive Management are African nationals with decades of mining expertise worldwide, blending local knowledge with global experience . Proven Track Record Our team has successfully managed operations in both
Slide 6: Set in Africa’s Rising Mining Powerhouses
Set in Africa’s Rising Mining Powerhouses Presenting a strong value proposition capitalizing on the mining jurisdictions of Zimbabwe and the DRC Zimbabwe: A Transformed Mining Hub Political & Economic Stability Inflation controls, increasingly predictable business climate, and the "Open for Business
Slide 7: Strategically Positioned
Strategically Positioned Bridging a legacy of success with a bold vision for the future Strategic Positioning: Positioned at the forefront of Africa’s mining surgence, with assets in gold, copper, lithium, and cobalt across strategic regions. Exploration Upside: Strong exploration potential with unt
Slide 8: Asset Portfolio
Asset Portfolio Flagship Operation How Mine (HM) • Historical 1.8Moz of gold produced (1941 – 2023), low - cost operations • Milling capacity ~40 Ktpm (kilotonne per month). • Expansion plan, aiming to increase production through underground ore generation and increased milling capacity 1.7Mt at 1.6
Slide 9: Growth Trajectory
Growth Trajectory Strategically positioned for growth Efficient operations designed for scalable growth. How Mine contributed approximately 37koz of gold in 2024 with a focus on increasing production. Low - Cost, High - Margin Production Preparing to begin restart at the Mazowe and Redwing mines whi
Slide 10: How Mine Operations
How Mine Operations Investor Presentation | 10 Scaling Up a High - Grade Underground Gold Mine Historical Success Over 1.8Moz of gold produced since 1941, with plans to scale up production and extend the life of the mine. Acquired by Greenstone’s predecessor in 2002. Modern Infrastructure Robust mil
Slide 11: Mazowe Mine: Planning to Restart Legacy Asset
Mazowe Mine Investor Presentation | 11 Planning to Restart Legacy Asset Historical Production 1 . 36 Moz of gold produced from 1962 - 2018 . Location ~ 50 km North of Harare (the capital and commercial hub) . Preparing to Begin Restart Our goal is to recommence production within 24 - 30 months of re
Slide 12: Redwing Mine: Proven Reserve with Plans to Restart
Investor Presentation | 12 Redwing Mine A Proven Reserve with Community Support and Plans to Restart Proven Reserves 0.65Moz of gold produced from 1981 - 2019 Location 20km North - Northeast of Mutare (key commercial and industrial hub) Restart Plan Feasibility studies underway. Goal is to restart m
Slide 13: Regional Growth Potential Through DRC Expansion
Investor Presentation | 13 Regional Growth Potential Through DRC Expansion Copper & Cobalt Assets Interest in 13 granted exploration permits (2) located in DRC’s Haut Katanga and Lualaba provinces, with rich copper and cobalt deposits, vital for clean energy transition. Strategic Exploration Work un
Slide 14: Plan for Scaling Quickly & Responsibly
Investor Presentation | 14 Plan for Scaling Quickly & Responsibly • Proven methodologies for scaling operations, focusing on optimizing cash flow to fund future projects. • Produced 37k ounces of gold in 2024 with strong cash flow, supporting new project development. • Funding to support restart, in
Slide 15: Responsible Mining for Long-Term Impact
Investor Presentation | 15 Responsible Mining for Long - T erm Impact We are committed to embedding ESG criteria at every stage of exploration and development, to help ensure responsible, long - term growth in the mining sector. Investor Presentation | 15 Safety, Health, Environment & Quality (SHEQ)
Slide 16: Proven Management Team
Proven Management T e a m Investor Presentation | 16 African - led leadership with U.S. experience and track record of success scaling production, turning around underperforming assets, and creating value. Ibrahima Tall | CEO & Director ■ Ibrahima began his mining career at the Kiniero Gold Mine in
Slide 17: Proven Operational & Financial Performance
Proven Operational & Financial Performance 2024 2023 Howe Mine Operations 473 kt (1) 450 kt (2) Tonnes Milled 2.70 g/t Au (1) 2.60 g/t Au (2) Grade 36.6koz (1) 33.7koz (2) Au Production US$1,414/oz (3) US$1,403/oz (3) AISC/oz US$1,153/oz (3) US$1,181/oz (3) C1 Cost/oz 2024 2023 GREENSTONE FINANCIALS
Slide 18: A Unique Opportunity in Africa’s Fast-Growing Mining Landscape
A Unique Opportunity in Africa’s Fast - Growing Mining Landscape Unmatched Resource Potential With significant ounces of high - grade gold reserves and growing exposure to copper, lithium, and cobalt, we are poised to leverage Africa’s vast resources. With strong exploration potential, ongoing and p
Slide 19: Appendix
APPENDIX Investor Presentation | 19
Slide 20: Proven Operational & Financial Performance: Rational Decision to Halt Production
Proven Operational & Financial Performance Rational decision to halt production rather than to operate at a loss Namib Minerals has adopted significant strategic measures for risk mitigation MM and RM are strongly positioned to thrive in many go - forward operating and mining environments Redwing &
Slide 21: Non-IFRS Reconciliation
Investor Presentation | 21 Non - IFRS Reconciliation Non - IFRS Measures Namib Minerals utilizes non - IFRS financial measures, including Adjusted EBITDA, C 1 cost per ounce, and AISC per ounce, to complement its IFRS reporting and provide stakeholders with a deeper understanding of its operational
Slide 22: Namib Minerals Risk Factors
Namib Minerals Risk Factors Investor Presentation | 22 Risks Related to Namib Minerals’ Business, Operations and Industry Greenstone entered into a share purchase agreement (the “SPA”) on June 17, 2024 pursuant to which it purchased the parent company (“BMC”) that h
Slide 23: Risks Related to Cybersecurity and Laws and Regulations
Risks Related to Cybersecurity Security breaches, loss of data and other disruptions could compromise sensitive information related to our business and prevent us from accessing critical information or expose us to liability. Cybersecurity breaches and other disruptions or failures in our inform
Slide 24: Disclaimer
Disclaimer Investor Presentation | 24 Disclaimer This Presentation is provided for informational purposes only and has been prepared to provide interested parties with certain information about Namib Minerals and its subsidiaries (collectively, “Namib Minerals” or the “Company”), including Greenston
Slide 25: Definitions
Definitions Investor Presentation | 25 Mineral Resources • A Mineral Resource is a concentration or occurrence of solid material of economic interest in or on the Earth’s crust in such form, grade or quality and quantity that there are reasonable prospects for eventual economic extraction. The locat
Slide 26: Contact Us
Investor Presentation | 26 namibminerals.com Harnessing Africa’s mining transformation to unlock resources and build stronger communities together. Contact Us Website: namibminerals.com Email: IR@namibminerals.com Important Information for Investors and Stockholders In connection with the proposed b